Nonprofit · EIN 27-2190573
GLOBAL RENEWAL INC
Tax-exempt · FRISCO, TX 75035
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $422,990 | $464,652 | -$41,662 | $695,684 | $3,689 | $691,995 |
| December 31, 2023 | 990 | $426,132 | $479,189 | -$53,057 | $739,648 | $5,551 | $734,097 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $436,528
- Program service revenue
- $0
- Investment income
- $18,277
- Net income from fundraising events
- -$31,815
- Other revenue
- -$31,815
Expenses
- Grants and similar amounts paid
- $2,912
- Compensation of officers, directors and key employees
- $105,400
- Salaries, compensation and benefits (total)
- $110,490
- Professional fundraising fees
- $0
- Accounting fees
- $8,258
- Occupancy
- $3,290
- Travel
- $34,172
- Depreciation
- $6,932
- Program services (functional)
- $364,350
- Management and general (functional)
- $44,095
- Fundraising (functional)
- $56,207
Balance sheet and other
- Total assets, start of year
- $739,648
- Total assets, end of year
- $695,684
- Total liabilities, end of year
- $3,689
- Net assets, end of year
- $691,995
- Land, buildings and equipment
- $84,789
- Gross receipts
- $475,415
- Employees
- 2
- Volunteers
- 60
- Year formed
- 2010
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David Chacko | President Trustee or director, Officer | 50 | $55,000 |
| Liney Chacko | Vice President/Secretary Trustee or director, Officer | 50 | $43,500 |
| Kyle Coe | Treasurer Trustee or director, Officer | 5 | $0 |
| Gordon Banks | Board Member Trustee or director | 1 | $0 |
| Derozette Banks | Board Member Trustee or director | 0.1 | $0 |
| George Samuel | Board Member Trustee or director | 0.3 | $0 |
| Ryan Tripode | Board Member Trustee or director | 1.1 | $0 |
| Jenniefer Tripode | Board Member Trustee or director | 1.5 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David Chacko | President Trustee or director, Officer | 50 | $48,600 |
| Liney Chacko | Vice President/Secretary Trustee or director, Officer | 50 | $36,625 |
| Kyle Coe | Treasurer Trustee or director, Officer | 5 | $0 |
| Gordon Banks | Board Member Trustee or director | 1 | $0 |
| Derozette Banks | Board Member Trustee or director | 0.1 | $0 |
| George Samuel | Board Member Trustee or director | 0.3 | $0 |
| Ryan Tripode | Board Member Trustee or director | 1.1 | $0 |
| Jenniefer Tripode | Board Member Trustee or director | 1.5 | $0 |
| Bill Price | Board Member Trustee or director | 0.3 | $0 |
| Kathy Price | Board Member Trustee or director | 0.3 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 6005, FRISCO, TX 75035-0225
- In care of
- % DAVID JACOB CHACKO
- Mailing address (990-N for 2011)
- P O Box 112416, Carrollton TX 75011
- Principal officer (990 for 2024)
- David Chacko, 2146 April Sound Ln, Frisco, TX 75033
- Principal officer (990-N for 2011)
- David Jacob Chacko, P O Box 112416, Carrollton TX 75011
- Signed the 990
- David Chacko, President
- Phone
- (469) 684-0477
- Website
- www.globalrenewal.org
- Return prepared by
- Randy Hines Accounting LLC
Mission
Global Renewal exists to 1 train nationals to become leaders who through word and deed transform and impact societies, 2 to assist child survivors of abuse and trafficking by providing an environment of hope and restoration in safehouses, and 3 to offer basic human needs through Community Outreach Programs in under-privileged communities.
Program accomplishments
- Cambodia The nation of Cambodia is known as a source, transit, and destination country for child trafficking and the home of our first safe house for girls. Today, Global Renewal operates two safe houses for children boys and girls in Cambodia along with leadership training institutes, online educational programs, school sponsorships for children living in impoverished areas, and community outreach and feeding programs to address the nationwide challenges of extreme poverty and lack of economic opportunities for its people.Expenses $218,904
- Vietnam Our focus in the nation of Vietnam is centered around leadership training, community outreach, and humanitarian efforts in times of natural disasters. During the global pandemic caused by Covid-19, Global Renewal was able to provide care kits for over 25,000 people without access to food, water, or medical supplies. Today, Global Renewal is in the process of establishing an anti-trafficking program and a safe house for child victims of trafficking and abuse while continuing to train community leaders on how to prevent and detect various forms of trafficking in their respective districts.Expenses $20,557
- Indonesia In the nation of Indonesia, Global Renewal is focused on anti-trafficking efforts and leadership training. We work with various communities and government connections to aid in the rescue and restoration of children caught in slavery and abuse, the management of a safe house for young girls, the start of a safe house for young boys, community leadership training, online educational programs, and school sponsorships. We provide community outreach and care for an adopted brothel village through an educational center for children, community groups for parents, and feeding programs for families experiencing hardship.Expenses $71,772
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-2190573
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $695,684
- Income (IRS master file)
- $475,415
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $422,990 | $464,652 | $695,684 | IRS |
| 990 | December 2023 | $426,132 | $479,189 | $739,648 | XML |
| 990 | December 2022 | $650,244 | $438,362 | $804,014 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990-N for 2011 Officer: David Jacob Chacko | December 31, 2011 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-2190573).
Questions about GLOBAL RENEWAL INC
- What is the EIN of GLOBAL RENEWAL INC?
- The employer identification number (EIN) of GLOBAL RENEWAL INC is 27-2190573.
- Is GLOBAL RENEWAL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to GLOBAL RENEWAL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GLOBAL RENEWAL INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GLOBAL RENEWAL INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GLOBAL RENEWAL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GLOBAL RENEWAL INC?
- The 990 for the year ended December 31, 2024 names David Chacko.
- Who are the officers and directors of GLOBAL RENEWAL INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 2 received compensation from the organization, the highest $55,000 (David Chacko, President).
- How much revenue does GLOBAL RENEWAL INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $422,990, expenses of $464,652 and total assets of $695,684 at year end.
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